Must-Read: Nick Bunker: Should Average Investors Be Chasing Unicorns?

Must-Read: Nick Bunker: Should Average Investors Be Chasing Unicorns?: “Accredited individual investors today are analogous to “angel” investors…

But… these wealthy individuals need advice on investing in individual young firms, [so] then what can we expect among a much larger pool of newly minted, inexperienced investors? An effort to democratize returns might instead spread the experience of investing in a busted enterprise. After all, according to one estimate 75 percent of venture capital-backed firms end up failing. Given the sobering trends in retirement savings in the United States, perhaps opening up more avenues to lose savings isn’t a good idea.